Whalerock Point Partners LLC Grows Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Whalerock Point Partners LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,680 shares of the home improvement retailer’s stock after purchasing an additional 150 shares during the period. Whalerock Point Partners LLC’s holdings in Lowe’s Companies were worth $683,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LOW. Jacobsen Capital Management purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $206,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $47,000. Global Retirement Partners LLC lifted its holdings in shares of Lowe’s Companies by 4.4% during the fourth quarter. Global Retirement Partners LLC now owns 10,330 shares of the home improvement retailer’s stock valued at $2,277,000 after purchasing an additional 435 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Lowe’s Companies by 4.3% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,180 shares of the home improvement retailer’s stock worth $485,000 after acquiring an additional 90 shares during the last quarter. Finally, Woodmont Investment Counsel LLC raised its holdings in Lowe’s Companies by 4.5% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,786 shares of the home improvement retailer’s stock worth $620,000 after acquiring an additional 120 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Truist Financial decreased their price objective on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. DA Davidson decreased their price objective on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. Evercore ISI decreased their price objective on shares of Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $250.04.

Lowe’s Companies Trading Up 0.7 %

Lowe’s Companies stock traded up $1.60 during mid-day trading on Tuesday, hitting $241.40. The stock had a trading volume of 1,769,249 shares, compared to its average volume of 2,534,686. The firm has a market capitalization of $137.56 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.83 and a beta of 1.08. The firm’s 50 day moving average is $224.46 and its 200 day moving average is $229.83. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.12. The company had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. Lowe’s Companies’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.67 EPS. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio is currently 36.95%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.